BUSINESS
After Kandla, L&T to build 1.8 million tonne green ammonia facility at Paradip port
L&T Energy Greentech plans to invest nearly Rs 80,000 crore to build its mega green hydrogen and green ammonia plants at Kandla and Paradip ports. It will soon tap the export market, starting with the Middle East, for its Made-In-India electrolysers, CEO Derek M Shah told Moneycontrol.
TRAVEL
Festive takeoff: Raksha Bandhan, Independence Day spur travel boom; fares skyrocket
Domestic airlines are eyeing the Independence Day long weekend to revive travel sentiment and expect daily domestic air traffic to rise by 15-20 percent during August 12-18 when compared to August 5-11.
BUSINESS
IndiGo to launch business class product IndiGo Stretch on international flights to Dubai and Singapore
IndiGo will operate its Airbus A321 planes on with IndiGo stretch business class on flights to Bangkok, Singapore and Dubai in the coming months. The airlines plans to deploy its new two-class Airbus A321neo aircraft on daily flights between Singapore and both Delhi and Mumbai from August 9, senior executives from IndiGo told Moneycontrol on the condition of anonymity.
EARNINGS
IndiGo Q1 results: Net profit falls 21% on-year to Rs 2,161 crore
Revenue from operations for IndiGo, the largest airline in the country, rose 5 percent to Rs 20,496 crore, from the year-ago period when the airline had reported a topline of Rs 19,571 crore.
BUSINESS
L&T expresses confidence in its order inflow projections for FY26
The management of L&T on July 29 added that there are opportunities worth Rs 15 trillion from project orders that the company will look to bid for in the rest of the ongoing financial year 2025-26. L&T's management had in May said that it was eyeing opportunities worth Rs 19 trillion in FY26.
BUSINESS
L&T Q1 Results: Net profit jumps 30% to Rs 3,617 crore, beats estimates
L&T Q1 results: Revenue from operations rose 15.5 percent to Rs 63,679 crore
BUSINESS
Foreign automakers prefer state-level EV schemes over central policy
Foreign players cite flexibility, faster clearances, and comprehensive support from states as key reasons for bypassing the Centre’s SPMEPCI scheme
BUSINESS
Mumbai International Airport caught in Rs 873 Crore Tax Tussle Over GVK-Era Transactions
MIAL has submitted a representation to CBDT seeking reprieve from the demand, sources.
BUSINESS
Akasa Air eyes cost leadership in India, plans to grow fleet by 30 percent every year till 2032
Akasa CFO Ankur Goel said along with being cost-effective, the airline aims to be the safest in the world and has adopted international best practices.
BUSINESS
Govt scouts new arenas for capex; bets on urban sanitation, shipping to fuel public investment in FY26
The Centre also aims to continue increasing the allocation for capex in the upcoming year given that private investment is yet to rebound significantly.
BUSINESS
Indian airlines rush to add more flights to Kuwait as New Delhi signs treaty with Gulf nation
Senior executives from domestic airlines told Moneycontrol that as part of their submission IndiGo is likely to ask for an additional 5,000 seats weekly to Kuwait City as per its expansion plans. Similarly, Air India Express and Akasa Air are expected to ask for around 3,000 weekly seats while Air India will ask for an additional 1,500 seats a week.
BUSINESS
Eternal CEO-backed LAT Aerospace buys Bombardier private jet; Deepinder Goyal denies deal
Deepinder Goyal said LAT Aerospace is a startup focused on building planes for regional aviation and "has not bought any private jet." He added that the company is not in the business of buying planes.
BUSINESS
Airlines, jet owners protest notices to relocate from Mumbai Airport by July 31, steep parking fees at Navi Mumbai airport
Parking charges in line with AERA norms, no plans to extend July 31 deadline for relocation from Mumbai Airport: AAHL
BUSINESS
Rossell Techsys plans to spend up to Rs 15 crore as capex for the next 3 years
Apart from expenditure on research and development, the company plans to expand its manufacturing presence in the aerospace supply chain through greenfield expansion or acquisition
BUSINESS
DGCA orders airlines to inspect fuel switch of their Boeing 787 fleet after Air India crash preliminary report
The DGCA order comes just two days after the Aircraft Accident Investigation Bureau (AAIB) on July 12, 2025 came out with its preliminary report into the crash of Air India flight AI 171 which led to the death of around 270 individuals.
BUSINESS
AI 171 crash: Interim report found ‘no mechanical or maintenance issues’, Air India CEO urges against premature conclusions
Air India's CEO said the preliminary report found no mechanical or maintenance issues with the twin-engine Boeing 787 Dreamliner (VT-ANB) aircraft or engines, and that all mandatory maintenance tasks had been completed.
BUSINESS
Indian pilots' union seeks observer role in Air India flight AI 171 crash investigation, objects to investigation being driven presuming the guilt of pilots
Following the release of the preliminary report, Air India's Senior Vice President - Flight Operations Captain Manish Uppal also wrote an internal letter to Air India employees requesting Air India colleagues to bring forward questions and discuss them with him and Captain Pankul Mathur.
BUSINESS
Fatal Switch: How was the fuel supply cut off mid-air in flight AI171?
Mechanisms are in place to ensure that the fuel switches don’t get flipped accidentally. And recordings show the pilots hadn’t done it. So what happened?
BUSINESS
Indigo in-flight Wi-Fi on business class on its way; company in advanced talks with satcom firms
IndiGo has invited a Request for Proposal from satellite services provider to launch inflight connectivity as it prepares to launch in-flight connectivity on around 25 aircraft in 2025.
BUSINESS
Govt plans to integrate biometrics, vehicle IDs of airport and airline employees with airport security passes
The Ministry of Civil Aviation and the Airports Authority of India are working with the Central Industrial Security Force to launch the pilot project at two airports in India, multiple officials aware of the ongoing discussions told Moneycontrol.
BUSINESS
Rs 1 crore ex-gratia not the final compensation for AI 171 crash: Air India to DGCA
On June 30, the DGCA had flagged concerns over Air India’s interim payouts falling short of international compensation standards.
BUSINESS
HC upholds govt order revoking security clearance to companies with Turkey links, dismisses Celebi's plea
On May 15, the Bureau of Civil Aviation Security (BCAS) revoked Celebi's security clearance, citing "national security" concerns, days after Turkey backed Pakistan and condemned India's strikes on terror camps located in Pakistan and Pakistan-Occupied Kashmir. The security clearance was initially granted to the company in November 2022.
BUSINESS
Tata Sons board approves Rs 500-crore trust for families of flight AI 171 victims
Asks Air India to start on-boarding families. Tata Sons expects the registration of the charitable trust, likely to be led by chairman N Chandrasekaran, by the end of July
BUSINESS
Air India denies claims of forcing financial disclosures of families involved in Ahmedabad crash
Senior executives at the airline told Moneycontrol that the airline sent out a form to families of Air India to ascertain identity following the Ahmedabad crash in order to move forward with the process of paying out interim compensation of Rs 25 lakh to families of victims.
